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Stock Market & Financial Investment News

News Breaks
January 22, 2014
11:44 EDTNUS, HLF, IGTOptions with increasing implied volatility: NUS HLF IGT
News For NUS;HLF;IGT From The Last 14 Days
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September 30, 2014
13:49 EDTHLFSEC charges two with insider trading of Herbalife
The SEC announced charged Filip Szymik and Jordan Peixoto with insider trading in Herbalife securities in advance of Bill Ackman's December 20, 2012 announcement of the views of his hedge fund, Pershing Square Management. According to the SECís orders, Szymik learned from his roommate, then a Pershing analyst, that Pershing planned to publicly announce its negative view of Herbalife. Szymik tipped Peixoto, who purchased Herbalife put options on December 19, 2012, one day before the announcement. As a result of his unlawful trading, Peixoto reaped $47,100 in illicit profits, the SEC said.
September 25, 2014
10:45 EDTNUSOptions with increasing implied volatility
Options with increasing implied volatility: VALE CLF NUS HLF SVXY VXX AGQ SQQQ
September 24, 2014
11:54 EDTHLFStocks with call strike movement; HLF PLUG
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09:03 EDTHLFKyle Bass says Herbalife not Ponzi scheme, has no position now
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08:59 EDTHLFKyle Bass says 'I believe FTC won't sue' Herbalife
Hayman Capital's Kyle Bass is speaking on CNBC.
September 23, 2014
16:20 EDTHLFOn The Fly: Closing Wrap
Stocks on Wall Street were lower after the U.S. took new action to clamp down on tax inversion deals and led airstrikes against Islamic State militants in Syria, while Europe reported weaker than expected manufacturing data. ECONOMIC EVENTS: In the U.S., the FHFA's home price index rose 0.1% in July to 212.7, missing expectations for an increase of 0.5%. Markit's preliminary manufacturing Purchasing Managers' Index for September came in at 57.9, slightly below the consensus forecast for a 58.0 reading. In China, HSBC's flash manufacturing PMI rose to 50.5 from a final reading of 50.2 in August, better than expectations. In Europe, Markit's composite flash PMI for the eurozone dipped to a nine-month low of 52.3, missing expectations for it to hold steady with its 52.5 reading for August. COMPANY NEWS: The shares of a number of companies that have announced or been speculated as targets in tax inversion deals fell after the U.S. Treasury last night issued new regulations that will make such deals less attractive. AstraZeneca (AZN), which has previously turned down an offer to be acquired by the U.S.'s Pfizer (PFE), sank $3.54, or 4.74%, to $71.13 despite a Bloomberg report that said Pfizer is still considering pursuing a deal with the U.K. drugmaker. AbbVie (ABBV), which has a deal in progress to acquire Shire (SHPG) and thus move its tax domicile to Ireland, fell $1.15, or 1.96%, to $57.56, while Shire shares slid $5.56, or 2.17%, to $250.74. Medtronic (MDT), which is pursuing its own inversion deal with Covidien (COV), dropped $1.90, or 2.88%, to $64.08. MAJOR MOVERS: Among the notable gainers was Herbalife (HLF), which rose $3.88, or 9.65%, to $44.09, bouncing back from a pullback yesterday that had been attributed to rumors of Carl Icahn selling out of his stake in the company. Also higher was Plug Power (PLUG), which rose 40c, or 9.57%, to $4.58 after the company's CEO gave FY15 revenue guidance that was above the consensus Street view in an interview with the Albany Business Review. Among the noteworthy losers was Ascena Retail (ASNA), which dropped $2.78, or 16.82%, to $13.75 after the apparel retailer's fourth quarter results and fiscal 2015 profit outlook trailed analysts' consensus estimates. Also lower were shares of used car retailer CarMax (KMX), which fell $5.01, or 9.49%, to $47.80 after the company reported sluggish comparable used car sales in its second quarter. INDEXES: The Dow declined 116.81, or 0.68%, to 17,055.87, the Nasdaq dropped 19.00, or 0.42%, to 4,508.69, and the S&P 500 fell 11.52, or 0.58%, to 1,982.77.
16:11 EDTIGTInternational Game and GTECH amend merger agreement
International Game Technology and GTECH S.p.A. announced that they have amended their previously announced merger agreement dated July 15. IGT and GTECH entered into the amendment with the overall intent of improving the timing and certainty of completion of the transaction in the interests of both companies and their shareholders. The amendment relieves IGT of additional regulatory and disclosure requirements, which were expected to delay the completion of the transaction. The amendment also reflects a reduced number of required approvals from gaming regulators as a condition precedent to closing. While the aggregate amount of stock and cash to be paid to IGT shareholders has remained unchanged, the amendment eliminates the mechanism for IGT shareholders to elect all-stock, all-cash consideration, or a mixed election, subject to proration. Upon completion of the merger, all IGT shareholders will receive the mixed consideration described in the merger agreement. As previously disclosed, this consists of a combination of $13.69 in cash plus a number of ordinary shares of a newly formed U.K. holding company equal to $4.56 divided by a calculation of the dollar value of GTECH shares prior to the transaction closing, subject to adjustments and limitations set forth in the merger agreement.
11:19 EDTHLF Options with increasing implied volatility
Options with increasing implied volatility: HLF VRTX TRP CLX ETP VALE
10:21 EDTHLFHerbalife options active on wide price movement
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09:13 EDTHLFOn The Fly: Pre-market Movers
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06:29 EDTHLFHerbalife volatility increases on pullback
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06:02 EDTIGTInternational Game partners with Ellen DeGeneres Show for new video slot machine
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05:49 EDTHLFStocks with implied volatility movement; HLF CMG
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September 22, 2014
18:18 EDTHLFOn The Fly: After Hours Movers
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18:12 EDTHLFHerbalife reverses in after-hours trading, up 2.6%
16:17 EDTHLFIcahn has not sold any of Herbalife position, Gasparino says
Carl Icahn has not sold out of his stake in Herbalife, according to sources close to the matter, reported Fox Business' Charles Gasparino on Twitter.
15:54 EDTHLFHerbalife drop attributed to rumor of Icahn liquidating stake, Kass says
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15:52 EDTHLFHerbalife volatility spikes on wide price movement
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15:46 EDTHLFHerbalife drops over 13% to $38.90
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